Kumul Petroleum signs deal to build fabrication facility, Nasfund announces net profit and feasibility study for the Mongi hydroelectric project. Your business news in summary.
In brief: Kumul Petroleum signs deal to build fabrication facility and other business stories
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14 Mar 2023 by Leave a Comment
Regulator approval paves the way for corporate bond market in Papua New Guinea
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14 Sep 2022 by 1 Comment
In what may be the most significant innovation in Papua New Guinea’s capital markets since the establishment of a local stock exchange, the PNGX has announced Securities Commission approval for its new Debt Market Rules. The approval paves the way for the establishment of a corporate bond market.
Boardroom briefing: female-owned MSMEs hit by pandemic, raising the roof in Canberra, and retail investors take Wall Street on a wild ride
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5 Aug 2020 by Leave a Comment
COVID-19 hits women-owned MSMEs hard, high jinx at the PNG High commission, and retail investor rollercoaster in the US. Readings from around the world on business, leadership and management.
Oil Search shares suspended on Papua New Guinea’s stock exchange
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3 Jun 2020 by Leave a Comment
Oil Search, Papua New Guinea’s biggest company, has been suspended from trading on PNGX, the country’s stock exchange, amidst claims that it did not follow proper procedure in its recent capital raising – claims the company is refuting.
How Papua New Guinea’s crisis in business funding could be solved
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27 Apr 2020 by 2 Comments
The impact of the COVID-19 crisis on Papua New Guinea’s financial markets has been muted so far. However, the crisis provides an opportunity to create new investment opportunities so that local entrepreneurs can raise capital more easily.
Papua New Guinea’s Stock Exchange plans for debt trading market
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17 Jul 2019 by 1 Comment
PNGX, Papua New Guinea’s renamed stock exchange, has announced proposals to establish trade in government and private debt. It may lead to a significant deepening of the PNG financial system. David James reports.
People moves: Port Moresby Stock Exchange, Port Moresby General Hospital
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16 Apr 2019 by Leave a Comment
Port Moresby Stock Exchange appoints a new board member, changes at Port Moresby General Hospital.
New majority owner of Port Moresby Stock Exchange outlines its plans
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12 Dec 2018 by 5 Comments
The Port Moresby Stock Exchange has new majority owners. So, who’s behind Pacific Capital Markets Development and what are their plans for Papua New Guinea’s bourse? In this exclusive interview, one of the Principals of Pacific Capital, Frank Dunphy, reveals all to Business Advantage PNG.
People moves: Kumul Petroleum, PoMSOX
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4 Apr 2017 by
A new Chair of Kumul Petroleum and a new General Manager of the Port Moresby Stock Exchang
Asian Development Bank puts case for greater private involvement in state-owned enterprises
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21 Sep 2016 by 1 Comment
Increasing private sector involvement in Papua New Guinea’s state-owned enterprises (SOEs) would be a ‘powerful mechanism’ for improving the sector’s efficiency, according to a new report by the Asian Development Bank.
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